The global Far Field Speech Recognition Industry is showing signs of growth by 24.56% during the forecast period of 2018 to 2024 to reach a valuation of USD 3,005.14 million. Market Research Future (MRFR) identifies the growing use of the internet of things in residential areas, hike in the integration of AI, various research funding to support changes, rising participation from countries to bolster such projects, growing competition in the market, and others as factors that can impact the market outcome.
The global review on the Far-Field Speech and Voice Recognition Market includes a proper analysis of the various segments like component, microphone solution, and application to get close to dynamics that can change the market outcome.
By component, the understanding of the far-field speech and voice recognition market includes a study of digital signal processors, microphones, and software. The microphone segment has the lead at present. But the software segment is slated to register the highest CAGR during the forecast period.
By microphone solution, the study of the market includes linear arrays, single microphone, and circular arrays. The linear array segment is slated to dominate the global market.
By application, the study of the far-field speech and voice recognition market includes a smart TV, smart speakers, in-vehicle infotainment system, smart thermostats, smart lighting, robotics, and others. The smart speaker segment has the chance to outgrow the other segments.
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North America and Europe are creating a substantial opportunity for the market to spread out as the number of speakers of languages integrated into the system is quite high, which is boosting the market growth.
Texas Instruments Inc. (US), Synaptics Inc. (US), Sensory Inc. (US), Qualcomm Inc. (US), Harman International Industries, Inc. (US), STMicroelectronics NV (Switzerland), Cirrus Logic Inc. (US), Andrea Electronics Corporation (US), Knowles Corporation (US), Microsemi Corporation (US), DSP Group, Inc. (US), Fortemedia, Inc. (US), Alango Technologies Ltd (Israel), Meeami Technologies, Inc. (US), and VOCAL Technologies, Ltd (US) are companies taking part in the global market for far-field speech and voice recognition.
Table of Content:
- Executive Summary
- Global Far-Field Speech and Voice Recognition Market Definition and Scope
- Global Far-Field Speech and Voice Recognition Market Dynamics
- Global Market: Industry Analysis
- Global Far-Field Speech and Voice Recognition Market by Method
- Global Market by, style
- Global Market by, Application
- Global Far-Field Speech and Voice Recognition Market, Regional Analysis
- Competitive Intelligence
- Research Process
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